In 2023, the UK imported a significant volume of fermented milk. Moving forward, forecasted imports for 2024 start at 246.97 million kilograms, gradually increasing to 266.44 million kilograms by 2028. This represents a steady year-on-year growth, with each year showing a consistent increase in volume, indicating a positive trend in demand. The compounded annual growth rate over this period suggests a moderate expansion, averaging around a specific percentage annually.
Future trends to watch for include:
- Potential geopolitical changes affecting trade agreements, which could impact imported volumes.
- Shifts in consumer preferences towards plant-based alternatives that might moderate demand growth.
- Domestic production capabilities and their impact on import dependency.